Brief Exercise 6 5 First Month Operation Kuhlman Company Purchased 190 Units Inventory 11 Q17791878

Brief Exercise 6-5
In its first month of operation, Kuhlman Company purchased 190units of inventory for $11, then 290 units for $12, and finally 230units for $13. At the end of the month, 260 units remained.Compute the amount of phantom profit that would result if thecompany used FIFO rather than LIFO.

Phantom profit

$

 
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